Talk Nation Radio for December 8, 2011

Wall Street, Banks, EU and US Debt, an Interview with Ellen Brown

Ellen Brown is author of the book Web of Debt, she is chair and president of the educational non profit think tank, the publicbankinginstitute.org. Look for her online at webofdebt.com. We hear about options that states and counties have for starting their own US banks that could change the entire equation, reducing the power and influence of giant banks and helping solve the US debt crisis.

Produced by Dori Smith in Storrs, CT
Download at Pacifica here or free at Archive.org (and Radio4all.net when they are back up and running)
TRT: 29:00 Minutes, normalized to 90%, 128 MP3 air quality.

Ellen Brown joins us to talk about the worldâs financial markets and the impact of problems with the worldâs banks. 2011 has been an astonishing year for monitoring global markets. There have been 500 to 1000 point changes over less than a few weeks time and volatility has been consistent in Asia, North America, and Europe. During September through December weâve seen news about the US and Eurozone debt crises push markets to some extremes. We look at the way banks and financial institutions have been the unexpected beneficiaries of the volatility in spite of weakness that prompted ratings agencies to downgrade them. When the Eurozone debt bail out fund was also downgraded, it would have seemed that markets could be expected to fall, however, they rose instead on the âhopeâ generated on news web sites about markets such as Market Watch, a primarily Murdoch owned, News Corp outlet published in Israel.

Ellen Brownâs story, âPulling Back the Curtain on the Wall Street Money Machineâ was published in Huffington Post on Dec. 7, 2011, where she examines Federal Reserve Chair Ben Bernankeâs response to reports of very low interest loans to banks that were undisclosed. Even as her report was coming out, the European Central Bank and Federal Reserve was allocating dollar loans to EU countries at extremely low interests of from a quarter of a percent to 1 percent or so. (See the ECB web site on the loans here.)


This audio is part of the collection: Talk Nation Radio
It also belongs to collection: News & Public Affairs

Artist/Composer: Dori Smith
Keywords: Wall Street; Banks; EU and US Debt; an Interview with Ellen Brown; public banking institute; European Central Bank; Interest Rates charged to Greece and Italy provoked their debt crisis; major banks get bailed out through loan program of ECB and Federal Reserve; December 2011; wall street; occupy wall street; state bank; county bank; the solution to banks having too much power; banks speculate with your money; speculate with money loaned for bail out in EU debt crisis; call to end speculation by banks with money that is not their money

Creative Commons license: Attribution 3.0

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